Barcelona revenue rises 16 percent to €445.5 million
FC Barcelona official website report that the clubs revenue surged by 16 percent to €445.5 million last season compared to the 2008-09 season which was reported as €385 million. Boosted by rising income from marketing, player transfers and loans and the sale of a plot of land.
This figure means that it also exceeds the initially estimated budget of €405 million for the 2009-10 season.
There was however an 18 percent jump in spending to €429 million euros largely due to cash paid out to players in wages and bonuses which amounted to €305 million euros, Club Director General Joan Oliver revealed on Wednesday.
Net profit for the period was €9 million, while net debt has also increased from €215 million in 2003 to €326 this 2010. A net increase in debt of €111 million.
Oliver revealed that the club earned €121 million from marketing, €25 million from the sale or loan of players and €15 million from the sale of a plot at Sant Joan Despi.
In short, the main sources of revenue comes from television rights (38%), marketing (27%), stadium (26%) and the sale or transfer of players, assets (9% ).
Real Madrid became the first team in any sport to post revenue in excess of €400 million euros in a single year in the 2008-09 season, according to an annual survey of the richest soccer clubs by accountancy firm Deloitte.
Deloitte uses its own formula for gauging a club’s annual income based on day-to-day soccer operations and excludes exceptional items like the one-off sale of assets.
Barca could outstrip their arch rivals on the firm’s updated Money League, typically published about nine months after the end of the season.
Joan Oliver also noted that the forecast that the current board had was that, if the transfer of Ivory Coast midfielder Yaya Touré comes to fruition, the club would have 60 million euros in order to make new signings.
If we continue our way, the profit will rise again. But we must not close the door for foreign Barca fans, like some reports suggested before elections. There is no club with such potential to attract new followers. Barca has magnificent academy as well, which means the best times are yet to come if our transfer policy is at least a little bit reasonable:)
But this shows that we can still continue with an outrageous and awful transfer policy without risking the financial stability of the club.
good news!
The debt has risen though?! I didn't do business studies, but to me 326 million euros is not too bloody stable! =/
well we need YOU YOUNG SLASH OLD CULE!!!to go to Catalonia and solve this problem young man!!!the world is depending on ur expertise!!!!
it is pretty ok..em an MBA…main thing is not debt but debt to equity ratio…in most cases 50% debt is consiedered pretty ok..
So we are the richest club in the world know? =)=)
RICHER THAN A MUDDAH LUVA B)
in regards to the debt, it is not really bad. all clubs run huge loans to finance operations. Even big corporations run on a balance sheet with a considerable amount of debt. The reason behind that is because when you use loans to finance operations then RETURN on your whole investment (your equity part and your debt part) will be higher than if you finance your whole operations from only equity (your capital). Basically, if you have 1 dollar and you borrow another dollar, then your investment will be 2 dollars which opens the door to bigger opportunities and higher returns. In finance they call it Return on Equity (this ratio is usually higher with higher leverage (more debt)). Regardless of the risk associated with the loans of course.
tats some business way of explaining things
here is something called optimal capital structure at which the debt and capital ratio is the best for the company…em sure barca finance managers wud have only taken that much amount of debt which fits optimal capital structure..so no need to worry..at this structure the value of a company is maximum…and its share price is also maximum…so debt is not as bad as normal people think
i hope Barca won't forget their goal is the championship. i don't want to see Barca to become a meat market or a jersey shop.
"Joan Oliver also noted that the forecast that the current board had was that, if the transfer of Ivory Coast midfielder Yaya Touré comes to fruition, the club would have 60 million euros in order to make new signings" .. Isn't that a telling statement that points towards Yaya's impending departure?
You're fogetting that the tenure of the 'current board' that was reffered to in that article has ended a couple of hours ago. So the new board will now have to make their own forecast :p
Let's not have any illusions though. He will 95% chance leave.
That is true Sachin but on the other hand don't you think given Pep's renewed interest and effort Selcuk can try to renegotiate Yaya's contract [with Guarenteed play time etc] with the new board as the agreed upon time line with City has also elapsed thanks to the WC —-Which BTW I feel he was acutely aware of
True, lets wait and see how it unfolds…
@Sachin Hey, I know it is Non Barca related but since a lot of us are emotionally invested in Argentina, thanks to Leo,did you read the news story [hint ] that Schwiney is starting a verbal war with Argentina and accusing them of showing no respect to opponents and refs….. I say bad call, 'cause the last people you wanna piss off are Leo, Carlito and that guy who wears two wristwatches. Take a peek, interesting stuff.
@Sachin Do you remember this ? I do and I am pumped . Hope Argentina wipes the floor with them this time. http://www.youtube.com/watch?v=gvhBTxQVQUk&fe…
Go Leo!! Vamos Albiceleste !!
Ofcourse I remember it, and yeah its high time for revenge!
proud to say that i work in Deloitte India
A Professional connection too, ha! ha! Good for you 'Numbers Cruncher' !!
You know what? I would be much happier if we are COMPLETELY out of debt rather than spendig ridicoulus sums of money for shit players like Ibrahimovic. SAVING some money and pay back our debts would nevertheless sound very good to the more clever Barca fans!
there is something called optimal capital structure at which the debt and capital ratio is the best for the company…em sure barca finance managers wud have only taken that much amount of debt which fits optimal capital structure..so no need to worry..at this structure the value of a company is maximum…and its share price is also maximum…so debt is not as bad as normal people think..when u dont take debt u r losing an opportunity..these are technical things which u may not understand..but debt is necessary
Before the elections, there was talk of Debt in range of $450 mill, not its not that.
We need a clear dumbed down article on this for us economically challenged.
http://www.mediafire.com/error.php?errno=320
Doanload this article, it is last years Delloitte report on the clubs finances and it gives you detailed info on carious clubs financial situations.
[...] [...]
Great information
all of you guys own shares of the corporation? you make it seem like you have anything to do with the company, fanboys